Dominican Republic: Antisera Market 2024

Antisera Market Size in the Dominican Republic

After six years of growth, the Dominican antisera market decreased by -16.2% to $X in 2021. Over the period under review, consumption, however, showed resilient growth. Antisera consumption peaked at $X in 2020, and then fell sharply in the following year.

Antisera Production in the Dominican Republic

In value terms, antisera production fell sharply to $X in 2021 estimated in export price. In general, production, however, showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 75% against the previous year. Antisera production peaked at $X in 2020, and then shrank notably in the following year.

Antisera Exports

Exports from the Dominican Republic

After two years of growth, overseas shipments of antisera and other blood fractions decreased by -69.1% to X kg in 2021. Overall, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of 21,938%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, antisera exports reduced to $X in 2021. In general, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 33,269% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for antisera exports from the Dominican Republic, with a 94% share of total exports. Moreover, antisera exports to the United Arab Emirates exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-28.3% per year) and Cuba (0.0% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for antisera and other blood fractions exports from the Dominican Republic, comprising 96% of total exports. The second position in the ranking was taken by Cuba ($X), with a 2.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (0.0% per year) and the United States (-22.8% per year).

Export Prices by Country

In 2021, the average antisera export price amounted to $X per ton, with an increase of 192% against the previous year. Overall, the export price posted significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Cuba ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+43.1%).

Antisera Imports

Imports into the Dominican Republic

In 2021, the amount of antisera and other blood fractions imported into the Dominican Republic surged to X tons, increasing by 63% against 2020. In general, imports posted a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 159% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, antisera imports dropped markedly to $X in 2021. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 389%. Over the period under review, imports hit record highs at $X in 2020, and then declined markedly in the following year.

Imports by Country

In 2021, the United States (X tons) constituted the largest antisera supplier to the Dominican Republic, with a 67% share of total imports. Moreover, antisera imports from the United States exceeded the figures recorded by the second-largest supplier, Ireland (X tons), fivefold. The third position in this ranking was taken by Spain (X tons), with a 6% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +51.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+39.6% per year) and Spain (+31.8% per year).

In value terms, Germany ($X) constituted the largest supplier of antisera and other blood fractions to the Dominican Republic, comprising 49% of total imports. The second position in the ranking was held by Ireland ($X), with a 23% share of total imports. It was followed by the United States, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +65.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+57.4% per year) and the United States (+21.8% per year).

Import Prices by Country

In 2021, the average antisera import price amounted to $X per ton, which is down by -62.2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 128% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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